2027 Investment Fellowship Program

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.   We believe doing the right thing for our clients and our associates is good business . With a career at the firm, y ou can expect opportunities to create real impact at work and in your community. Y ou’ll enjoy resources to support your career path, a s well as compensation , benefits , and flexibility to enrich your life. Here, you’ll find a collaborative culture that respect s and valu e s differences and colleagues who share a spirit of generosity .    Join us for the opportunity to g row and make a difference in ways that matter to you .

Summary As a part of the Fellowship Program, you will rotate approximately every 6 months for up to 2 years within the following departments: Trading / Portfolio Modeling (Equity and Fixed Income) Quantitative Research – Equity, Fixed Income, Multi Asset Enterprise Risk Distribution Channels You will leverage your analytical and quantitative skills by working on projects and assignments across various business units.  Additionally, you will further develop knowledge and skills in the following areas: Portfolio Modeling Quantitative Portfolio Analysis / Portfolio Attribution / Portfolio Construction Multi Asset Research Quantitative analysis / Research and Trading Research Transaction Cost Analysis Enterprise and Portfolio Risk Analysis Competitive Analysis and Market Intelligence Predictive Analytics Responsibilities Responsibilities will vary based on rotational placement, but may include: Determine the value of a security by examining its numerical, measurable characteristics, such as revenues, earnings, margins, and market share Search for exploitable patterns in data that can be used to reinforce or alter portfolio managers’ behavior and avoid unintended consequences Evaluate derivatives as risk-adjusted return enhancement strategies for portfolios Assess portfolio structure to manage risks of style drift Analyze transaction costs and trade execution performance Measure and optimize performance of brokers and algorithms and evaluate the effectiveness of our trading strategies Assess derivative exposure in portfolios, liquidity analysis on balance sheets, redemption analysis studies, and competitor analysis research Analyze exposure to risk and determine how to best handle such exposure Divide investments among different kinds of assets, such as stocks, bonds, real estate, and cash, to optimize the risk/reward trade-off based on an individual’s or institution’s specific situation and goals Analyze data gathered and used by a company for the purpose of learning about its competition in a given market Qualifications Required: Full time student pursing a bachelor’s degree with and expected graduation date of December 2026 – May/June 2027 with a minimum cumulative grade point average of 3.5 on a 4.0 scale Must be majoring in one of the following areas or have at least a min of 24 credit hours in related courses: Engineering, Applied Mathematics, Computer Science and/or Physics Strong analytical skills and the ability to solve problems while showing intellectual curiosity. Savvy usage of technology and a data driven mindset. Ability to process a variety of information and quickly draw relevant conclusions and summarize results Preferred: Exposure to fixed income, equity research, or portfolio analysis through coursework, internships, or professional experience Experience conducting fundamental or credit analysis, including evaluating company